PRESS RELEASE
Granite Signs Office Lease at 23Springs in Uptown Dallas
DALLAS – January 16, 2024 – Granite Properties, a commercial real estate investment, development, and management company, and Highwoods Properties, a publicly-traded (NYSE:HIW) real estate investment trust (“REIT”), today announced it has signed a long-term office lease for four full floors with Deloitte* at 23Springs in Uptown Dallas. The Class-AA, 26-floor, 626,215 square foot development is slated to be completed in March 2025. Deloitte is targeting to relocate from Dallas Arts Tower in Spring 2026.
In April 2022, Bank OZK signed a long-term lease at 23Springs for four floors (110,029 square feet). Deloitte’s lease signing brings the building to 34 percent leased.
23Springs is designed by GFF, and general contractor, DPR Construction, kicked off construction in June 2022. The building is located at 2323 Cedar Springs Road across the street from Hotel Crescent Court and Stanley Korshak. The building is also near the Dallas North Tollway, popular restaurants and shops, and the Katy Trail.
Granite’s in-house leasing team, Robert Jimenez, Burson Holman and Elizabeth Fortado, are leasing 23Springs.
*Please see www.deloitte.com/us/about for a detailed description of their legal structure.
About Granite Properties
Granite Properties is a privately held commercial real estate investment, development and management company founded in 1991. The firm owns 11 million square feet of high-quality office space in Dallas, Houston, Atlanta, Denver, Southern California, Boston and Nashville. Granite is an established investor, developer and manager with a focus on sustainable, highly amenitized projects. It has completed more than $10 billion in real estate transactions and more than 30 million square feet of real estate development and acquisitions. Current active development projects in Boston, and Dallas total over 1.6 million square feet with total costs over $1.2 billion. Granite focuses on creating extraordinary customer experiences through mixed-use environments, rich amenities, customer-centric service, and innovative wellness features. Granite, NAIOP’s 2022 Developer of the Year, was named one of Fortune Magazine’s Best Workplaces nine times, ranking #8 on their 2022 Best Workplaces in Real Estate list. For more information, visit: graniteprop.com.
About Highwoods
Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (“REIT”) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa. Highwoods is in the work-placemaking business. We believe that by creating environments and experiences where the best and brightest can achieve together what they cannot apart, we can deliver greater value to our customers, their teammates and, in turn, our stakeholders. For more information about Highwoods, please visit our website at www.highwoods.com.